But Aviva recently hiked its return forecasts for 2015 up to 17.2 per cent, which is likely to follow on from 20 per cent plus performance in 2014.
Either way, investors are ill-advised to dive into property funds for a short-term capital boost and should instead focus on traditional driver of property returns: the long-term stable income stream.
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Matthew Jeynes is deputy news editor at Investment Adviser
matthew.jeynes@ft.com
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